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Formula 1 grid start

What did Formula 1 teams spend in 2016?

Formula 1 grid start

According to a report doing the rounds, Ferrari were the biggest spenders in Formula 1 in 2016 overtaking Mercedes as the biggest spenders at the pinnacle of the sport.

However a study of expenditure by all the teams also reveals that the smaller outfits spend far more than the grandee teams for the each point they score – with Manor’s solitary point costing them an astonishing €100-million, while Mercedes bagged each of their points for less than half a million Euros per point.

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Ferrari pumped €386-million into their 2016 campaign, but all that money was not enough to earn Sebastian Vettel or Kimi Raikkonen a single victory in the 21 race season. The Maranello outfit finished third in the constructors’ championship, scoring 398 points in the process – each point costing them a €970,000.

In contrast Mercedes who spent €310-million on their season and won 19 races with their two drivers Lewis Hamilton and Nico Rosberg, the latter claiming the drivers’ world championship and the pair taking the team to their team to a third consecutive constructors’ world title. The Silver Arrows scored 765 points during the course of the season, at €405,000 per point – half of what it cost Ferrari – and in the end the most cost effective campaign by any team in 2016.

Red Bull emerged as Mercedes’ biggest challengers with Max Verstappen and Daniel Ricciardo scoring one win apiece – the only two to break Mercedes’ stranglehold on race victories – and finishing second in the constructors’ world championship. The energy drinks outfit spent approximately €252-million and scored 468 points in the process, working out to €538,000 per point.

McLaren were the fourth biggest spenders, with a budget of €217-million committed to their campaign. It was a podium-less season for their two world champion drivers Fernando Alonso and Jenson Button, who together scored 76 points, at €2,855,000 per point.

Renault invested €176-million for their return as a works team, scoring 8 points during the course of the season which calculates to €22-million per point

Williams spent €123-million for their 138 points, at a cost of around €890,000 per point.

Toro Rosso had a budget of €117-million for their 63 points, which came in at €1,857,000 per point.

Newcomers Haas also invested around €117-million for their debut season in Formula 1, scoring 29 points at a cost of €4-million per point.

Despite nearly collapsing for financial reasons, before being rescued, Sauber still managed to spend €111-million on their campaign in which they scored 2 points, at €55-million per point.

Force India tackled the 2016 season campaign with a relatively modest €105-million, but managed to get Sergio Perez on the podium on two occasions as they finished fourth in the constructors’ championship with 173 points in the bag, at a cost of €607,000 per point.

Manor scored one point during the course of the season, with a budget of €100-million at their disposal. (Note: €1.00 equals $1.04)